October 1, 2009
Nearly 30% of Nonprofit Leaders Took a Pay Cut This Year; Pay in 2008 Grew Quickly
Nearly three in 10 of the leaders of the nation's biggest charities and foundations have taken pay cuts in the past year as the recession causes donations to drop and batters endowments, a Chronicle of Philanthropy survey has found.
The pay cuts come after the earnings of nonprofit leaders changed a median of 7 percent last year, according to The Chronicle's study of compensation at 325 large nonprofit organizations. That means half of the people in the survey got bigger
This is an article for subscribers only. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
